72 installments • 50%
my name is namute maya kamata.im 35 years old.i live in choma.i was born in a family of four.two boys and two girls.My father was named paul and my mother maragret.we didnt have much growing up but we were such a happy family.my father was a very hard working man.he was a business man.he passed away in 2011 in october at 63 years old.my mother is also a very hard working woman.through buiness,my parents managed to send us to school.when i finished college in 2004,i started a small business of selling ladies pants and some small items like toothpaste,lotions and soap.these items helped me raise money to support my younger sister in college.i have a daugter.she is 10 years old.i was pursuing my degree in social work and i graduated last year in november! im very excited.my chicken business helped me to get my degree.
my kind of business is poultry,i keep broiler chickens.the chicken have high demand in our area because there are alot of restaurants,lodges and schools.the chickens are sold at ZMW50 each. i normally order a day old chick at ZMW6.50. the profits i make from the business are used to pay for my daugters school fees,my school fees,upkeep and bills.so far the previous loan i got from zidisha has really helped me alot.i even graduated from university with a bachelors degree of social work.i would like to expand my business hence this application.i want to extend my chicken house to accomodate more chickens because the demand is high,and i know that the more chickens i sell i sell,the more profit i make.
when i get the loan i will use the money to expand my business.At the moment i stock 100 chicken s and i want to expand to 200.the demand for chickens is very high in our area.i will also use the money to buy chicken feed and vaccines.the chickens costZMW 6.50 each which is 65 cents each.so 100 chicks will cost $65.the feed cost ZMW 250 per back which is $ 25.for 100 chicks i will use 7 bags of feed which will cost$175.vaccines will cost ZMW80 which is $8.my profit will increase by 100% because i sell a chicken at ZMW45,so for 200 chickens i will raise ZMW9000 which is $900.This loan will benefit me in the sense that i will be able to expand my business and be able to provide for my daughter ,my mum and myself.
Jun 22, 2016
Cost to entrepreneur
Service fee: $6.33
Namute opted to pay $0.30 into the Zidisha Members Loan Fund in return for a higher starting credit limit.